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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1379)	3/5/1999 3:11:00 PM
From: Paul Berliner	Respond to of 3536

I actually think most people would be more surprised if the market continued higher without interruption - any 20% markdown in prices would surely be unsurprising - people buying AOL and GE today know darn well the risks that they're taking - no one thinks stocks are cheap (at least the stocks that are making news highs), thus no What would be surprising? If the market drop became too severe, i.e.one can say they were taken by surprise should they lose a great deal of money. What would surprise the market? A plummet that is too severe, i.e. over a 30% drop or so. This is because most people with money in Fidelity, a 401(K), etc. have already made at least 30% simply by being long the last couple of years - give the entire gain back and then the real panicking will start - the point of no return is when the average joe's nest egg is in the red.